iToxy Decides on Third-Party Allocation Paid-in Capital Increase Worth 3 Billion KRW

KOSDAQ-listed company iToxsi announced on the 9th that it has decided to conduct a third-party allotment paid-in capital increase worth 3 billion KRW for operating funds.

New shares totaling 3,401,360 common shares will be issued at 882 KRW per share. The new shares will be acquired by five individuals, including Noh Kyunghwa and Lee Chihwa, each acquiring 680,272 shares.

The company stated that the purpose of the third-party allotment capital increase is "to achieve business management objectives such as improving financial structure in accordance with Article 418, Paragraph 2 of the Commercial Act, Article 165-6, Paragraph 1 of the Act on Capital Markets and Financial Investment, and Article 9, Paragraph 2 of the company's Articles of Incorporation."